April 2026 | Top M&A Deals in Emerging Markets by Region

Eastern Europe

Turkey’s Cengiz Holding has signed a binding MoU to acquire an 80% stake in the Çöpler gold mine from Canada’s SSR Mining for USD 1.5bn (EUR 1.3bn) in an all-cash deal, excluding the Hod Maden project. The transaction is subject to regulatory approvals, with closing expected in Q3 2026. Çöpler, located in eastern Türkiye, is a major gold deposit with associated silver and copper resources and has been a key asset in SSR Mining’s portfolio. The deal supports Cengiz’s mining expansion, while SSR Mining will redeploy proceeds to focus on the Americas.

Latin America and the Caribbean

A consortium led by BlackRock’s Global Infrastructure Partners (GIP) has agreed to acquire U.S.-based energy company AES Corp for an enterprise value of USD 33.4bn, including the assumption of approximately USD 22.7bn in debt. The transaction covers AES’s global power portfolio, with a strong focus on Latin America, where the company operates around 14–15 GW of installed capacity, representing a key growth region.

Emerging Asia

China’s ByteDance has agreed to sell Shanghai Moonton Technology, the developer of Mobile Legends: Bang Bang, to Savvy Games Group, owned by Saudi Arabia’s Public Investment Fund, in a deal valued at around USD 6bn, according to media reports. The transaction, subject to regulatory approvals, is expected to close later this year, with Moonton’s management team remaining in place.

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